As reported in TA security report : We note that the EGM to vote on the rights issue will be held on 25th Aug 2017. A vote to reject the proposal would once again call into question UMWOG’s short-term liquidity risk. That said, this is unlikely given that PNB and its subsidiaries (whom will fully underwrite the rights issue), collectively hold 45% stake in UMW-OG.

https://asia.nikkei.com/Markets/Nikkei-Markets/UMW-Oil-Gas-Corporation-Gets-MYR113-Mln-Contract-From-Repsol-Oil-Gas-Malaysia

Contract sealed.

15-Aug-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 4,934,000 shares on 09-Aug-2017.

EPF can't be wrong....or can they?!

omione : please enlighten me on 'PNB take UMWOG private'?

http://www.theedgemarkets.com/article/mgo-exemption-umwog-fair-and-reasonable-says-mercury-securities

Any comment guys?!

PNB is all out to support UMWOG right issue. Recapitalization is in placed. Join the train and just relax for a year or two....

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=181935&name=EA_DS_ATTACHMENTS

Get the fact right. Stay away from psst psstt.. gossip. :) Invest and relax.

Simple equation - 1. They have good utilisation rate + 2. They have money now to stay afloat with PNB 3. Wait until world oil price stabilize 4. Now is time to invest while it's already hit rock bottom.

EPF is just poking to see market reaction. Going up or down...they will win

I can imagine UMW sold 1.2 b share and bought by PNB 1.2 b shares...why not....better still